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Dear Member:

I'll be travelling on Friday so there won't be any activity for me. I think that may be just as well since volatilities are pushing up a bit and that could be a bearish sign. After a fairly strong move, the markets are showing signs of at least taking a breather and I would not want to put on any new positions, particularly bullish ones, right before this weekend.

It looks like I closed the SPY LEAPS position right on time yesterday.

Bill Kraft

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